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30 June 2010) In April 2010, the Directors of global professional services consultancy Coffey International Limited ((ASX:COF) (“Coffey”, “the Company”)) announced that they expected an operating earnings before interest, tax, depreciation and amortisation (“Operating EBITDA”) result of $45 million to $50 million for the year ending 30 June 2010, excluding any potential goodwill impairment impacts.
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29 June 2010) Coffey International Limited subsidiary, Coffey Commercial Advisory, has been engaged to undertake a master plan for the redevelopment of the Fremantle Oval Precinct, in Western Australia, on behalf of clients and stakeholders; Fremantle Football Club (“FFC”), South Fremantle Football Club (“SFFC”), Department of Sport and Recreation WA (“DSR”) and Australian Football League (“AFL”).
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25 June 2010) Coffey International Limited (“Coffey”) subsidiary, Coffey Projects, has been engaged by client Gruppo Investment Nigeria Limited to project manage the construction of the US$54 million Ikeja City Mall in Lagos, Nigeria. The development will be Lagos’ second major shopping centre and is due to be completed by November 2011.
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25 June 2010) Building flexibility, future proofing, sharper procurement methodologies and environmentally sustainable initiatives are among the recent trends in health facilities redevelopments, according to Roger McLeod, project director at Coffey International Limited subsidiary, Coffey Projects.
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4 June 2010) Coffey International Limited subsidiary, Coffey Mining, has recently completed a preliminary assessment of the Mamou-Dalaba bauxite project in Guinea, West Africa, on behalf of Canadian-based client Anglo Aluminum Corp. Coffey Mining conducted a first-pass ASTER1 processing to generate plateau outlines and bauxite target ranking followed by site visits to check targets, collect samples, and assess bauxite potential.
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3 June 2010) Coffey International Limited subsidiary Coffey Environments has played a key role to ensure the new Macquarie University Hospital in Sydney is compliant with the development consent requirements of New South Wales’ Department of Planning and the Environmental Protection Authority (“EPA”).
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31 May 2010) Global professional services consultancy Coffey International Limited (“Coffey”) today announced the appointment of Rob Tyler as Coffey Mining manager in West Africa, effective immediately. Rob will head Coffey Mining’s operations in the region based in Accra, Ghana.
(25 May 2010) Coffey International Limited subsidiary, Coffey Environments, has been awarded Australia’s first accreditation for asbestos and hazardous materials clearance inspections by the National Association of Testing Authorities (“NATA”).
(19 May 2010) Coffey International Limited subsidiary, Coffey Mining, will be discussing challenges and solutions for the Brazilian mineral exploration market in the upcoming Brazilian Symposium of Mineral Exploration (“SIMEXMIN”), between 23-26 May in Ouro Preto, Minas Gerais, Brazil.
(14 May 2010) Global professional services consultancy Coffey International Limited (“Coffey”) has launched a Spanish website to support its increasing business activity in Spanish speaking South American countries.
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29 April 2010) The Directors of global professional services consultancy Coffey International Limited ((ASX:COF) (“Coffey”)) today announced that they expect an Operating EBITDA result of $45 million to $50 million for the full year ending 30 June 2010.
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19 April 2010) Coffey International Limited subsidiary, Coffey Projects, has successfully delivered the NZ$20+ million (AU$15+ million) New Zealand pavilion at World Expo 2010 in Shanghai, China. On behalf of client New Zealand Trade and Enterprise (“NZTE”), Coffey Projects has been the lead project management firm heading up a consortium responsible for the design, build and removal of the pavilion.
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1 April 2010) Global professional services consultancy Coffey International Limited (“Coffey”) this month celebrates the first anniversary of subsidiary Coffey Rail, its specialist rail engineering and operations consulting business.
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9 March 2010) Coffey International Limited subsidiary, Coffey Projects, has recently delivered the National Centre of Indigenous Excellence (“NCIE”) in Sydney, Australia, which was officially opened on Friday (26 February) by The Hon. Kevin Rudd, MP, Prime Minister of Australia.
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3 March 2010) Global professional services consultancy Coffey International Limited ((ASX:COF) (“Coffey”)) today announced it has acquired 100 per cent of Global Justice Systems (GJS), based in Australia and the United Kingdom (UK), and Libra Advisory Group Limited, a UK-based consultancy.
(17 February 2010)
1. Overview
- Solid performance, particularly in light of a record prior half and against unfavourable foreign exchange movements
- Without adverse foreign exchange movement, Operating EBITDA would have been in line with corresponding period
- Operating EBITDA up $11.4 million (58%) on H2 FY09
- Achieved in excess of $20m annualised cost savings compared to December 2008
- Successful implementation of new organisational structure with minimum disruption
- Strong signs of a rebound in the Asia Pacific region
- Some impact from GFC particularly in Middle East and Brazil
- Total revenue down 3% to $404.3m
- Fee revenue down 7% to $241.0m
- Operating EBITDA* down 14% to $31.1m, impacted by foreign exchange
- Negative foreign exchange impact on EBITDA of $5.6m in H1 FY10 compared to H1FY09
- Operating EBITDA* (excluding foreign exchange impact) up 1.2% to $32.7m
- Working capital management continued to improve, down 12% to 66 days from June 09
- Net Debt reduced by $5.5m, down to $87.3m from June 09
- Net Debt / Capital ratio down 2% to 31% from June 09
- Fully franked interim dividend of 7.5 cents per share
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5 February 2010) Global professional services consultancy Coffey International Limited (“Coffey”) has been named one of the best professional services companies in Australia by Business Review Weekly (“BRW”). Coffey is a finalist for the best engineering consulting company (revenue over $200 million) for the upcoming 2010 BRW Client Choice Awards, announced by BRW earlier this week.
(7 January 2010) Coffey International Limited subsidiary, Coffey Environments, has successfully completed the first groundwater remediation treatment in Australia using Primawave, an innovative chemical amendment injection technology for the treatment of contaminated groundwater.
(22 December 2009) Global professional services consultancy Coffey International Limited ((ASX:COF) ("Coffey")) today announced it has signed an agreement to sell 100 per cent of the fixed assets and going business concern of MPL Laboratories Pty Ltd ("MPL"), an analytical laboratory business based in Myaree, Western Australia to Envirolab Services Pty Ltd ("Envirolab").
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9 December 2009) Global professional services consultancy Coffey International Limited (“Coffey”) has won the Project of the Year Award at the 2009 Association of Consulting Engineers Australia (ACEA) Awards for Excellence, for the
Inner Northern Busway - Queen Street to Upper Roma Street Project in Brisbane, Australia, announced at an annual dinner in Brisbane last Friday evening. This project also received a Gold Award in the Transport & Civil Infrastructure category.
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25 November 2009) Coffey International Limited (“Coffey”) is part of an alliance team being formed to deliver the road works portion of the Kempsey Bypass Project.
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26 October 2009) Global professional services consultancy Coffey International Limited subsidiary, Coffey Projects, has been named Category Winner for Sustainable Projects at the recent 2009 National Project Management Achievement Awards for delivery of the Sunshine Electricity – Broadwater & Condong Biomass Co-generation Project.
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19 October 2009) Global professional services consultancy Coffey International Limited (“Coffey”) and the Port of Brisbane Corporation (“PBC”) have won the Innovation Award at the Queensland Engineering Excellence Awards 2009 for the Port of Brisbane Reclaimed Land Development Trial Project.
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6 October 2009) Global professional services consultancy Coffey International Limited (“Coffey”) today announced that the U.S. Agency for International Development (USAID) has awarded Coffey a US$40 million funding increase within the contract for the Tatweer Project in Iraq.
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24 September 2009) Global professional services consultancy Coffey International Limited (ASX:COF) today announced the appointment of Dr John Mulcahy as an independent Non-executive Director of Coffey International Limited, effective immediately.
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21 September 2009) The Brazilian operation of leading global professional services consultancy Coffey International Limited has entered into a preliminary strategic partnership with the UK’s Virtalis, one of the world’s leading Virtual Reality (VR) companies.
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11 September 2009) Global professional services consultancy Coffey International Limited (ASX:COF) today announced that subsidiary Coffey International Development has been awarded a A$100 million, five-year project managed and financed by AusAID for the Philippines Provincial Road Management Facility (PRMF).
1. Highlights
- Total revenue up 45% to $808.7m
- Fee revenue up 36% to $510.4m
- Operating EBITDA up 12% to $56.0m
- NPAT up 7% to $16.4m
- EPS up 4% to 14.5 cents per share
- Improvement in working capital management from 76 days to 49 days
- Fully franked final dividend of 4.5 cents per share
- Total annual fully franked dividend of 13.0 cents per share
- Funding capacity of $107m available to support growth plans.
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9 July 2009) Coffey International Limited (ASX: COF) is pleased to announce that IBM has won the prestigious Coffey International Award for its application of technical expertise in innovative ways to address the greatest societal and environmental challenges of our time, announced at the annual Business in the Community (BITC) Awards for Excellence in London on Monday evening (local time).
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3 July 2009) A Coffey International Limited company, MSI, based in the United States, has been awarded a five-year, USD$66.3 million rule of law project funded by USAID/Mexico. Rule of Law III: Support for Legal Reforms is the third USAID-funded initiative of its kind, in support of the Merida Initiative, which aims to prevent and eradicate organized crime.
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9 June 2009) The Directors of Coffey International Limited (Coffey) wish to provide the market with an update on business and trading performance and the expected trading result for the full year to 30 June 2009.
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14 April 2009) Global engineering and project management consultancy Coffey International Limited (“Coffey”) today announced it has acquired European international development business The Evaluation Partnership (TEP) for £1.1 million funded from its existing acquisition debt facility. The deal will be subject to an earn out over the next 2 years of operation.
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2 April 2009) Coffey International Limited today announced that its subsidiary Coffey Projects has become one of the recipients of the recently announced ‘Building the Education Revolution’ (BER) program, part of the Rudd Government’s $42 billion Nation Building and Jobs Plan to support jobs that will stimulate local economies and invest in important infrastructure for the long term.
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27 February 2009) Global engineering and project management consultancy Coffey International Limited today announced operating earnings before vendor earn-out and vendor share-based payment expense, interest, tax, depreciation and amortisation (Operating EBITDA) of $36.3 million for the six months ended 31 December 2008. This represents an Operating EBITA result of $32.6 million, which is above the preliminary range of $29-$31 million announced on 30 January.
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18 February 2009) Coffey International Limited (“Coffey”) today announced that it has signed an agreement to pay approximately $400,000 to acquire 100 per cent of the fixed assets and going business concern of Testrite, a laboratory testing business based in Sydney, Australia.
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30 January 2009) Coffey International Limited today announced that it expects an operating result for the six months ended 31 December 2008 in the range between $29 million and $31 million EBITA (pre vendor earn out and share based payments expense).
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28 January 2009) Coffey International Limited today announced the appointment of Ms Debbie Goodin to the role of director of operations. Debbie is currently acting chief financial officer and will commence in the new role when Mr Urs Meyerhans starts as director of finance and chief financial officer on 2 February.
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19 December 2008) Coffey International Limited (ASX:COF) announced today that it has completed an agreement to acquire 100 per cent of the fixed assets and ongoing business concern of Civil Lab, a laboratory testing business based in Auckland, New Zealand, for NZ$950,000. The purchase involves an earn-out over a two year period. The business acquisition has been funded from cash without needing to draw on Coffey International Limited’s acquisition debt facility. It will be earnings per share accretive from commencement.
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Sydney, Australia – 1 December 2008) Coffey International Limited came up trumps at the 2008 ACEA Awards for Excellence, receiving three Gold Awards and one Certificate of Recognition. The awards were announced at an annual dinner in Perth on Friday evening.
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13 November 2008) Coffey International Limited today announced the appointment of Mr Urs Meyerhans to the new role of director of finance and chief financial officer. Urs will commence the role in early 2009.
(11 November 2008) Coffey International Limited (Coffey) today announced an on-market share buy-back program of up to 10% of its issued share capital in accordance with the Listing Rules. The share buy-back will be EPS accretive and funded from existing cashflows. The Board will monitor the position daily to ensure that the ongoing buy-back implementation meets the Company’s capital management criteria.
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11 November 2008) Coffey International Limited today announced subsidiary Coffey International Development has, in the last month, been awarded more than US$140 million of aid contracts in Iraq, Sudan and Peru by the Millennium Challenge Corporation and United States Government. The announcement of this substantial pipeline of committed work is on top of Coffey’s strong first quarter financial performance, in which revenue reached almost $191 million on improved margins.
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Sydney, Australia – 16 October 2008) Coffey International Limited today announced its new executive team that will lead the company through its next phase of growth to become truly global by 2020.
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Sydney, Australia – 24 September 2008) – Coffey International Limited (ASX:COF) announced today it has acquired Bovell, Freeman and Holley (BFH), a South African project management business with particular experience in the hotel and leisure industry. BFH will be acquired through Coffey Projects Africa Pty Ltd (CPA), a subsidiary of Coffey International Limited.
(19 September 2008) National accreditation body NATA has awarded Coffey Environments Australia’s first accreditation for asbestos and hazardous material surveying.
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28 August 2008) Coffey International Limited today announced operating earnings before interest, tax and amortisation (operating EBITA) and share-based payment expense of $43.2 million, meeting previous market guidance.
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Sydney, Australia – 4 August 2008) Today we are celebrating the unveiling of a new Coffey business. I am proud to announce the launch of Coffey Institute, our specialists empowering knowledge.
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Sydney, Australia – 1 August 2008) In accordance with Listing Rule 3.16 the Company announces that Paul A. Mitchell resigned as a director of the Company effective 30 July 2008.
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Sydney, Australia – 2 July 2008) Coffey International Limited (ASX:COF) today announced it has signed contracts to provide English and technical training in the Middle East.
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Sydney, Australia – 1 July 2008) Coffey International Limited (ASX:COF) today announced the appointment of Paul Mitchell, OAM, to the position of non-executive director of Coffey International Limited, effective immediately.
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Melbourne, Australia – 1 July 2008) Today we are celebrating the unveiling of a new Coffey entity, although the business has existed in Coffey for nearly 50 years. I am proud to announce our most recent addition to the Coffey group – Coffey Information.
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Sydney, Australia – 6 June 2008) Coffey International Limited (ASX:COF) advises that its chief financial officer Simon Curtis resigned earlier today, effective immediately. Debbie Goodin will replace Simon as the acting chief financial officer until the Board considers a replacement.
& Coffey reconfirms its forecast of $42m to $46m EBITA (pre share based payments) for the financial year ended 30 June 2008, consistent with previous market guidance
(Sydney, Australia – 5 June 2008) An internal review by Coffey International Limited ((ASX:COF) (the "Company")) has revealed deficiencies with the Company's published accounts for the financial year ended 30 June 2007. The net result of these deficiencies is an overstatement of reported profit for FY07.
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Sydney, Australia – 1 April 2008) Coffey International Limited (ASX:COF) subsidiary, Coffey Projects is pleased to announce the appointment of Tom Tucker to the role of CEO, commencing 1 April.
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Sydney, Australia – 25 March 2008) Coffey International Limited (ASX:COF) subsidiary, Coffey Natural Systems, is pleased to announce the appointment of Dave Browne to the role of CEO, commencing March 31 when Stuart Jones steps down from the position.
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Sydney, Australia – 14 March 2008) Coffey International Limited has been awarded the BRW Client Choice Award 2008 for the best consulting engineering firm (revenue over $200 million) at a gala dinner event in Sydney on Wednesday evening.
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Sydney, Australia – 3 March 2008) Coffey International Limited (ASX:COF) today announced it has acquired Canadian geotechnical firm Shaheen and Peaker Limited and its subsidiary companies S&P Geo Engineering and Geo Canada for approximately C$11.0 million in a mixture of C$8.8 million in cash and C$2.2 million in shares.
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Sydney, Australia – 8 January 2008) – Coffey International Limited (ASX:COF) announced today it has extended its project management capability in transport infrastructure with the acquisition of Teal Management Services.
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Sydney, Australia – 7 January 2008) – Coffey International Limited (ASX:COF) today announced the acquisition of Washington D.C.-based development consultancy Management Systems International Inc (MSI) in a plan to build global critical mass in the international development consulting market.
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Melbourne, Australia – 13 November 2007) – Coffey International Limited (ASX:COF) today announced it has entered into an agreement with Axiom Properties Limited to develop the second Australian ‘Worldpark’ green business precinct, to be located in Melbourne.
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Melbourne, Australia – 6 November 2007) – Coffey International Limited (ASX:COF) today announced its subsidiary company Coffey Mining, South Africa (Pty) Limited has acquired South African (backfill) consultancy NS Consultancy for $0.4 million in cash.
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Melbourne, Australia – 6 November 2007) – Coffey International Limited (ASX:COF) today announced the acquisition of Webber Associates UK Limited, a specialist geotechnical consulting firm based in the United Kingdom. This is Coffey’s second geotechnical acquisition in the United Kingdom.
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Melbourne, Australia – 24 September 2007) – Coffey International Limited (ASX:COF) today announced the signing of an agreement to acquire Brazilian mining sector consulting company Geoexplore Consultoria e Serviços Ltda.
(Melbourne, Australia – 3 September 2007) – Coffey International Limited (ASX:COF) today announced the acquisition of Stratcorp Consulting Pty Ltd, a boutique consultancy providing high-level strategic advice in the area of large sporting and leisure projects.
(Sydney, Australia – 30 August 2007) The directors of Coffey International Limited (ASX: COF) today announced operating earnings before interest, tax and amortisation of $32.3 million for the year ended 30 June 2007, up 44% on the previous year. This result was achieved on a 46% increase in revenue to $368.3 million.
(Melbourne, Australia – 8 August 2007) – Coffey International Limited (ASX:COF) today announced the acquisition of infrastructure advisory consultancy The Peron Infrastructure Group. Coffey will acquire 100 per cent of share capital in the company. The annual turnover of Peron is in the order of $8 million.
(Melbourne, Australia – 2 July 2007) – Coffey International Limited (ASX:COF) today announced the acquisition of two companies: railway engineering consultancy Asia Pacific Rail Pty Ltd and project and contract management consultancy John Wertheimer Consultants Pty Ltd, both founded and owned by John Wertheimer.
(Melbourne Australia – 28 May 2007) Coffey International Limited (ASX:COF) today announced the acquisition of Xeon, Inc., trading as CTL Environmental Services, a Los Angeles-based environmental consulting business.
(5 March 2007) An innovative property development project that will improve living and working environments will be launched in Adelaide, South Australia.
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Melbourne Australia 5 March 2007) Coffey International Limited (ASX:COF) today announced the acquisition of Foundation Engineering Consultants, a New Zealand based geotechnical consultancy that provides specialist geotechnical and laboratory services for land development and building construction projects. Coffey will pay A$4.1 million in cash and A$2.2 million in shares for the business.
(Sydney, Australia – 26 February 2007) The directors of Coffey International Limited (ASX: COF) today announced record half year earnings before interest, tax and amortisation of $13.9 million for the half-year ended 31 December 2006, up 58% on the previous year. This profit result is on a 44% increase in revenue to $159.5 million.
